HEICO (HEI) Q2 2026 earnings summary

Executive summary

• Achieved record consolidated net income, operating income, and net sales in Q2 FY2026, with net income up 49%, operating income up 41%, and net sales up 25% year-over-year; six-month net income rose 31% to $424.0M and net sales increased 20% to $2.55B.

• Both Electronic Technologies Group (ETG) and Flight Support Group (FSG) set all-time quarterly and six-month records for operating income and net sales, driven by robust organic growth and recent acquisitions.

• Strong organic growth across all product lines, with robust demand in commercial aviation, defense, space, and electronics markets.

• Continued focus on innovation, quality, and investment in engineering and production capabilities.

Financial highlights

• Q2 FY2026 net income rose 49% to $233.8M ($1.66/share); six-month net income up 31% to $424.0M ($3.01/share).

• Q2 operating income increased 41% to $350.4M; six-month operating income up 29% to $610.3M.

• Q2 net sales up 25% to $1.38B; six-month net sales up 20% to $2.55B.

• Q2 EBITDA up 37% to $408.3M; six-month EBITDA up 26% to $720.3M.

• Cash flow from operations increased 43% to $292M in Q2 and 15% to $470.6M for six months.

Outlook and guidance

• Anticipates continued sales growth in both FSG and ETG, supported by strong demand and recent acquisitions.

• Expects overall GAAP operating margins for ETG between 22%-24% for FY2026; FSG operating margin expected to range between 24%-26%.

• Capital expenditures for FY2026 estimated at $85–95 million.

• Robust acquisition pipeline and disciplined approach to capital allocation.